Journal of Accountancy, Volume 28American Institute of Certified Public Accountants, 1919 - Accounting |
From inside the book
Results 1-5 of 84
Page 3
... liability side was given less attention , but there was the constant fear that all liabilities were not shown . At the end of the year 1917 , without the intervention of bankers or accountants , great numbers of balance - sheets under ...
... liability side was given less attention , but there was the constant fear that all liabilities were not shown . At the end of the year 1917 , without the intervention of bankers or accountants , great numbers of balance - sheets under ...
Page 6
... liability , rather than as an actual debt to be paid in cash on fixed dates . In many cases the amount payable is a rough guess . In some cases the amount is entirely omitted from the balance - sheet . Considerable pressure has been ...
... liability , rather than as an actual debt to be paid in cash on fixed dates . In many cases the amount payable is a rough guess . In some cases the amount is entirely omitted from the balance - sheet . Considerable pressure has been ...
Page 7
... liability item or insert an addi- tional liability if it is found that all are not on the books . Balancing has so overawed bankers and business men that many of them would as soon remove an ancient land - mark or make light of sacred ...
... liability item or insert an addi- tional liability if it is found that all are not on the books . Balancing has so overawed bankers and business men that many of them would as soon remove an ancient land - mark or make light of sacred ...
Page 8
... liability and surplus as the last item of liability are not only misleading ( because capital stock and surplus are not liabilities ) but they require mental gymnastics in order to get at the actual net worth of the concern . If the ...
... liability and surplus as the last item of liability are not only misleading ( because capital stock and surplus are not liabilities ) but they require mental gymnastics in order to get at the actual net worth of the concern . If the ...
Page 28
... Liability accounts Accounts payable Notes payable Loans payable Salaries and labor accrued and any other liabilities which the 28 The Journal of Accountancy.
... Liability accounts Accounts payable Notes payable Loans payable Salaries and labor accrued and any other liabilities which the 28 The Journal of Accountancy.
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Common terms and phrases
actual additional allowance amount annuity applied assets audit authorized balance balance-sheet basis beginning bonds building capital stock carried cash cent certificate charged claim column computed consideration corporation cost cover deduction depreciation determined difference discount dividends earned effect entire entries examination excess expenses fact filed fixed flour fund given important included income increase institute interest inventory invested capital issued less liability loss March material method month necessary notes operating original paid partnership payable payment period person plant practice preferred premium prepared present value principle production profits proper purchase question reason received records regard regulations rents represent reserve result rule selling shares shown sold statement stockholders surplus taken taxable taxpayer tion treasury United
Popular passages
Page 220 - ... in any manner whatever not provided by law any income return, or any part thereof or source of income, profits, losses, or expenditures appearing in any income return; and any offense against the foregoing provision shall be a misdemeanor and be punished by a fine not exceeding $1,000 or by imprisonment not exceeding one year, or both...
Page 139 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.
Page 47 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered...
Page 315 - One of the original members shall be appointed for a term of one year, one for a term of two years, one for a term of three years, one for a term of four years, and one for a term of five years...
Page 379 - ... all losses actually sustained within the year and not compensated by insurance or otherwise...
Page 379 - ... such net income shall be ascertained by deducting from the gross amount of its income received within the year from business transacted and capital invested within the United States and any of its territories, Alaska and the District of Columbia (first), all the ordinary...
Page 221 - ... any income return, or to permit any income return or copy thereof or any book containing any abstract or particulars thereof to be seen or examined by any person except as provided by law; and it shall be unlawful for any person to print or publish in any manner whatever not provided by law any income return or any part thereof or source of income, profits, losses, or expenditures appearing in any income return...
Page 381 - Treasury, is hereby authorized to make all needful rules and regulations for the enforcement of the provisions of this Act.
Page 377 - That in case a person or persons supplying a contractor with labor or material as provided by the Act of Congress, approved February 24, 1905 (33 Stat.
Page 376 - ... in case of any default in the performance of any of the conditions or stipulations of such penal bond.